KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd(Takaful Malaysia) has declared an interim single-tier dividend of 14.00 sen per ordinary share, amounting to RM117.22mil for the financial year ended Dec 31, 2023.

Takaful Malaysia, in a statement, said the dividend would be paid to shareholders on Feb 2, 2024.

The declared dividend translates into a dividend yield of 3.8% based on the closing market price of the group’s share of RM3.70 as at Dec 28, 2023.

“The declared dividend reflects our financial strength, positive outlook, and commitment to shareholder returns. While investing in our business for innovation and growth remains a top priority, we recognise the significance of returning capital to our shareholders,” group chief executive officer Nor Azman Zainal said.

“The dividend underscores our confidence in the resilience of our operations and our commitment to delivering value to our shareholders. As we navigate dynamic market conditions, we remain focused on executing,” he added.

“Going forward, we expect our bancatakaful, treasury, employee benefits and general takaful businesses to continue to perform and generate business growth. We will leverage the positive growth of our bank partners to sustain our market leadership in the bancatakaful business portfolio, develop advisory family takaful business, and further penetrate the retail consumer market,” Nor Azman Zainal said.